News report of 28.07.2008

* Bosnia *

Institute of Statistics of the Bosnian Serb Republic - Average Wage - June 2008 Jul 28, 2008, 14:34 CET | State Agencies Reports | SeeNews Monthly gross and net wages by employee and their nominal growth expressed by indexes are shown in this Release. The average net wages are expressed in KM, and they present the quotient between total paid net wages and number of employees on which the wages are considered. Data were obtained on the basis of Monthly statistical report on employee and their wages (RAD–1). link

Institute of Statistics of the Bosnian Serb Republic - External Trade - June 2008 Jul 28, 2008, 14:33 CET | State Agencies Reports | SeeNews Source of data for foreign trade statistics is Single Administrative Document about export and import of goods. The Institute of Statistics takes over data sorted according to unique identification number of Republika Srpska enterprises from Indirect Taxation Agency of BiH and does the further statistical control and processing. link

Institute of Statistics of the Bosnian Serb Republic - Indexes of Industrial Production - June 2008 Jul 28, 2008, 14:32 CET | State Agencies Reports | SeeNews Data presented by this Release were provided by the Monthly report of industry (IND-1). The report IND-1 is presented by enterprises which is principal activity according to the Classification of activities classified in the following sections: Mining and quarrying, Manufacturing and Electricity, gas, and water supply. Industrial production activities which are in the composition of nonindustrial enterprise are also covered by these data. link

Institute of Statistics of the Bosnian Serb Republic - Indexes of Number of Employees in Industry - June 2008 Jul 28, 2008, 14:31 CET | State Agencies Reports | SeeNews Data presented by this Release were provided by the Monthly report of industry (IND-1). Statistics on number of employees in industry cover the number of employees at the end of a reporting month according to the personnel files in enterprises whose principal activity is classified, according to the Classification of activities, in the following sections: Mining and quarrying, Manufacturing and Electricity, gas and water supply, including employees who worked in management activities and in auxiliary workshops who provide services for their own enterprise, but excluding those worked in non-industrial activities of enterprises. Number of employees in industrial units of non-industrial enterprises is also covered by these data. link

Institute of Statistics of the Bosnian Serb Republic - Sown Areas - Spring 2008 Jul 28, 2008, 14:30 CET | State Agencies Reports | SeeNews Data presented in this release are obtained on the basis of the Report on areas and plantations at the end of spring sowing (PO-22). Data on sown areas refer to the 31st May each year and they are collected for legal entities and their units and for individual household separately. Legal entities submit data based on bookkeeping and other records, while municipal component professional services are doing estimations for individual household. link

Montenegro’s ProVladex To Take Over Another Bosnian Investment Fund - Media Jul 28, 2008, 11:34 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), July 28 (SeeNews) – Montenegrin company ProVladex will take over Bosnian investment fund VB Fond next month after having acquired another fund, Aktiva Invest, in April, Bosnian daily newspaper Nezavisne Novine reported on Monday. link

Bosnia Serb Republic June Net Salary Up Real 0.5% M/M - Table Jul 28, 2008, 11:03 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), July 28 (SeeNews) - The average net monthly salary in Bosnia’s Serb Republic rose in June by a real 0.5% month-on-month to 768 marka ($615/392 euro), official statistics showed on Monday. link

Bosnia Schedule of Events - July 28 - Nov 20 Jul 28, 2008, 10:44 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bosnia and Herzegovina through November 20. New or amended entries are marked (*). link

* Bulgaria *

ANALYST VIEW - Bulgaria’s Economy To Grow 7.0-7.5% in 2008, End-Year Inflation To Slow to 7.0-8.0% - Think-Tank Jul 28, 2008, 18:11 CET | Analysis | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgaria’s economy is expected to grow by a real 7.0-7.5% this year, faster than last year’s rise of 6.2%, and end-year inflation is seen slowing to 7.0-8.0% from 12.5% at the end of 2007, local think-tank Centre for Economic Development (CED) said on Monday. link

Bulgarian Steel Wheels Manufacturer Balkancar Zarya Mulls Acquisitions Jul 28, 2008, 17:38 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgarian steel wheels manufacturer Balkancar Zarya said on Monday it is considering acquisitions of sector companies as part of its expansion plans. link

Bulgarian Food and Beverage Retailer Avendi Sees 2008 Net Profit Rising 16% Jul 28, 2008, 17:06 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – Bulgarian food and beverage retailer Avendi expects its 2008 net profit to rise by 16% from more than 5.0 million levs ($4.0 million/2.6 million euro) last year as its network expands, the company’s executive director said on Monday. link

Nine Banks Submit Bids for Financial Consultant to Burgas-Alexandroupolis Oil Pipeline Project - Paper Jul 28, 2008, 16:40 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – Nine banks have submitted bids to structure the financing for the Burgas-Alexandroupolis oil pipeline project estimated at up to 1.0 billion euro ($1.57 billion), a Bulgarian daily reported on Monday. link

Bulgarian Stocks End Mostly Down in Line with Global Trend Jul 28, 2008, 16:06 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – Bulgarian stocks ended mostly lower on Monday in line with global markets, and no reversal of the ongoing downward trend is seen until U.S. and Europe’s markets recover, brokers said. link

Bulgarian Business Sentiment Index Continues to Fall in July Jul 28, 2008, 15:23 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgaria’s business sentiment index fell by 0.9 points in July following managers’ lower assessments in the retail and services sectors, the National Statistics Institute (NSI) said on Monday. link

Bulgaria’s Encouragement Bank Changes Name, To Become Export-Promoting Development Bank by End-’09 Jul 28, 2008, 14:52 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgaria’s Encouragement Bank, which on Monday was renamed to Bulgarian Development Bank, is expected to be fully transformed into an export-promoting development bank by the end of next year, its managers said. link

CORRECTED - Bulgarian Bourse Indices End Mostly Lower in Sluggish Trading Jul 28, 2008, 14:30 CET | Story | SeeNews In Sofia story "Bulgarian Bourse Indices End Mostly Lower in Sluggish Trading" dated July 25 please read in the third paragraph " fell 0.42% to close at 686.39 points" instead of "fell 0.42% higher at 686.39 points" (drops redundand word). link

Bulgarian Car Battery Manufacturer MonBat Postpones Investment Plans Jul 28, 2008, 14:11 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgaria’s largest car battery manufacturer MonBat has postponed plans for the launch of new and upgraded capacities in the country and abroad due to late deliveries of equipment, the company said. link

ProCredit Bank Bulgaria Borrows 14.5 Mln Euro from Black Sea Trade and Development Bank Jul 28, 2008, 13:57 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - ProCredit Bank Bulgaria said on Monday it borrowed 14.5 million euro ($22.8 million) from the Black Sea Trade and Development Bank (BSTDB) for onlending to small and medium-sized enterprises (SMEs). link

Bulgaria May See Withdrawal of Investors After Critical EU Reports - Economy Minister Jul 28, 2008, 13:22 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – Investors may withdraw from Bulgaria after the European Commission issued critical reports on the country’s progress last week, Economy Minister Petar Dimitrov said on Monday. link

UK-Listed Engel East Europe Abandons 30 Mln Euro Real Estate Project in Bulgaria Jul 28, 2008, 13:04 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – The Bulgarian unit of London-listed residential property developer Engel East Europe has decided not to proceed with a 30 million euro ($19 million) residential project near Bulgaria’s capital Sofia due to disagreement with the owner of the land plot, a company senior official said on Monday. link

Bulgaria’s Electronica Delists from Sofia Bourse Jul 28, 2008, 12:56 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - The Bulgarian Stock Exchange (BSE) on Monday said it has delisted local electronic measuring devices manufacturer Electronica at the request of its majority shareholder Eltower. link

FFBH - Bulgaria Weekly Update - July 21 - 25, 2008 Jul 28, 2008, 12:51 CET | Broker’s Report | SeeNews MARKET WRAP-UP link

Bulgarian Fuel Retail Market Expected To Complete Consolidation in Two Years – Industry Official Jul 28, 2008, 12:50 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – The ongoing consolidation of Bulgaria’s fuel retail market is expected to be completed within two years, when the number of filling stations in the country is seen halved, an official of fuel retailer Petrol said. link

Bulbrokers - Daily FX Analysis - July 28, 2008 Jul 28, 2008, 12:45 CET | Broker’s Report | SeeNews The dollar appreciated against the yen link

Bulgarian REIT Advance Terrafund Extends H1 Loss by Half Y/Y to 276,000 Euro Jul 28, 2008, 12:29 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Advance Terrafund, a Bulgarian real estate investment trust (REIT) targeting mainly farm land, said on Monday it extended its first-half net loss by 52.7% on the year to 539,000 levs ($433,000/276,000 euro) even though revenue rose faster than spending. link

Bulgaria Plans to Set Up 100 Industrial Zones in Attempt To Turn to Trade Surplus by 2014 Jul 28, 2008, 12:24 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) – Bulgaria plans to set up a hundred industrial zones as part of efforts to turn to a trade surplus by 2014, Economy Minister Petar Dimitrov said on Monday. link

Bulgaria’s Enemona Raises H1 Net Profit 18.5% Y/Y - Table Jul 28, 2008, 11:00 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Bulgarian engineering, construction and energy group Enemona said on Monday it raised its unconsolidated net profit for the first half of 2008 by 18.5% on the year to 3.794 million levs ($3.1 million/1.9 million euro) as revenue rose faster than costs. link

Elana - BSE - Sofia Weekly Overview - July 25, 2008 Jul 28, 2008, 10:58 CET | Broker’s Report | SeeNews Market Trend link

FFBH - Bulgaria Morning Update - July 28, 2008 Jul 28, 2008, 10:45 CET | Broker’s Report | SeeNews MARKET WRAP-UP link

Karoll - Bulgarian Stock Market Overview - July 21 - 25, 2008 Jul 28, 2008, 10:00 CET | Broker’s Report | SeeNews Commentary link

Elana - Bulgaria Daily Report - July 25, 2008 Jul 28, 2008, 09:59 CET | Broker’s Report | SeeNews Market Highlights link

Bulgarian Stock Exchange - Daily Bulletin, Selected Announcements - July 25 2008 Jul 28, 2008, 09:57 CET | Specialists Reports | SeeNews Kaolin AD-Senovo /6K1/ submitted the following information to X3 News:During the second quarter of 2008 KAOLIN Plc has realised incomes from sales by 12% more than the same period of the previous year. The incomes from the company’s activities for the second quarter have grown by 56% compared to the gained incomes for the first three months of 2008.The financial result of the company for the first six months is profit to the amount of BGN 5.45 mln.More information is available for the investors and all stakeholders in the Interim report on the company’s activities as at 30.06.2008.The notice above has been abbreviated. The entire notice is available on www.x3news.com. link

Bulgarian Stock Exchange - Daily Report - July 25, 2008 Jul 28, 2008, 09:21 CET | Specialists Reports | SeeNews The Bulgarian Stock exchange has published its report on turnover and prices for July 25, 2008. link

Bulgaria Schedule of Events - July 28 - Nov 25 Jul 28, 2008, 09:18 CET | Story | SeeNews SOFIA (Bulgaria), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Bulgaria through November 25. New or amended entries are marked (*). link

* Croatia *

Croatian Equity Market Declines in Dull Trading Jul 28, 2008, 18:35 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - The Croatian equity market fell further on Monday in low turnover as the release of a number of corporate results failed to shake the market out of its summer lethargy, analysts said. link

Croatia Could Get 52.6 Mln Euro in EU Support by End-Nov If Proves Efficiency Jul 28, 2008, 18:32 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) – EU candidate Croatia may sign contracts for European Union assistance worth up to 52.6 million euro ($83 million) by the end of November if it proves its efficiency, a European Commission official said on Monday. link

Croatian Geofoto Buys Slovenian GZS, Eyes Expansion in Bulgaria, Serbia Jul 28, 2008, 17:12 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Croatian digitial cartographer Geofoto said on Monday it has bought a 95% stake in Slovenia’s Geodetski Zavod Slovenije (GZS), which specialises in geodetic measurements for industry and civil engineering projects, and plans to expand into Bulgaria and Serbia. link

Croatia’s Kvarner Vienna Insurance Group H1 Gross Written Premium Income Rises 11.8% Jul 28, 2008, 16:58 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Croatian insurer Kvarner Vienna Insurance Group, a unit of Austria’s Vienna Insurance Group, reported on Monday an 11.8% annual rise in its gross written premium income from January to June, to 266.7 million kuna ($58 million/37 million euro). link

Croatian Bureau of Statistics - Congresses and Other Business Meetings - May 2008 Jul 28, 2008, 15:47 CET | State Agencies Reports | SeeNews In May 2008, the number of business meetings held in the Republic of Croatia was 808. There were 470 (58%) meetings with overnight stays and 338 (42%) without them. The total number of days at business meetings was 1,764. Each meeting was held 2 days on the average. The number of participants at all meetings was 67,779; the number of domestic participants was 57,327 (85%), while the number of foreign ones was 10,452 (15%).According to professional organisers, the most meetings, 425 of them (53%), were organised by enterprises.In May 2008, the turnover of 43,409,862 kuna was generated from business meetings. Out of the total turnover, 38,901,780 kuna (90%) was generated from meetings with overnight stays and 4,508,082 kuna (10%) from meetings without overnight stays.In the period from January to May 2008, there were 2,762 business meetings held in the Republic of Croatia. Out of this number, there were 1,359 (49%) meetings with overnight stays and 1,403 (51%) without them. The total number of days at business meetings was 5,325. Business meetings were attended by 226,334 participants: 203,292 (90%) domestic and 23,042 (10%) foreign ones.In the period from January to May 2008, the total turnover generated from all business meetings held in the Republic of Croatia was 100,276,591 kuna. Out of this sum, 82,681,573 kuna (82%) was generated from meetings with overnight stays and 17,595,018 kuna (18%) from meetings without overnight stays. link

Croatian Bureau of Statistics - Labour Force in the Republic of Croatia - Q1 2008 Jul 28, 2008, 15:36 CET | State Agencies Reports | SeeNews Croatian Bureau of Statistics has released its quarterly statistical report on labour force in the Republic of Croatia for the first quarter of 2008. link

Greece’s MIG Buys 49.99% of Croatian Tourism Firm Sunce for 90 Mln Euro Jul 28, 2008, 15:11 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Greek buyout firm Marfin Investment Group (MIG) said on Monday it has acquired 49.99% of Croatian tourism company Sunce Koncern for 90 million euro ($141 million). link

Croatia’s Ericsson Nikola Tesla Boosts H1 Net Profit 13.6% Y/Y Jul 28, 2008, 11:35 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) – Croatian blue-chip telecoms equipment maker Ericsson Nikola Tesla reported on Monday a 13.6% annual rise in first-half net profit to 74.2 million kuna ($16.1 million/10.3 million euro) as its operating profit surged by almost one-fourth. link

CROATIA’S ERICSSON NIKOLA TESLA BOOSTS H1 NET PROFIT 13.6% TO 74.2 MLN KUNA (10.3 MLN EURO) Jul 28, 2008, 10:45 CET | Alert | SeeNews link

Croatian Magma Swings to Non-cons Unaudited Net Loss in H1, Says Not Likely To Meet 2008 Targets Jul 28, 2008, 10:31 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) – Croatian blue-chip toys and clothing retailer Magma said on Monday it had a non-consolidated unaudited net loss of 9.8 million kuna ($2.1 million/1.4 million euro) in the first half of 2008, versus a net profit of 9.6 million kuna a year ago, and it is not likely to meet its business targets for this year. link

Erste Securities - Croatian Equity Daily - July 28, 2008 Jul 28, 2008, 10:03 CET | Broker’s Report | SeeNews Highlights: link

CROATIA’S MAGMA SWINGS TO NON-CONS UNAUDITED NET LOSS OF 9.8 MLN KUNA (1.4 MLN EURO) IN H1 VS 9.6 MLN KUNA NET PROFIT YEAR-AGO Jul 28, 2008, 09:37 CET | Alert | SeeNews link

Croatia Schedule of Events - July 28 - Oct 14 Jul 28, 2008, 09:27 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Croatia through October 14. New or amended entries are marked (*). link

Croatia Opens One More Negotiating Chapter, Closes Another in EU Accession Talks Jul 28, 2008, 09:25 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Croatia opened one more negotiating chapter and closed another in its accession talks with the European Union (EU), bringing to 21 the number of chapters opened so far and to three the number of provisionally closed chapters, the EU said. link

* Macedonia *

Croatian Geofoto Buys Slovenian GZS, Eyes Expansion in Bulgaria, Serbia Jul 28, 2008, 17:12 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Croatian digitial cartographer Geofoto said on Monday it has bought a 95% stake in Slovenia’s Geodetski Zavod Slovenije (GZS), which specialises in geodetic measurements for industry and civil engineering projects, and plans to expand into Bulgaria and Serbia. link

Macedonian Wool Mill Teteks H1 Prelim Net Profit Down 62% Y/Y to 6.84 Mln Denars (111,300 Euro) - Table Jul 28, 2008, 16:52 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Macedonia’s largest wool mill Teteks on Monday reported a first-half preliminary net profit of 6.84 million denars ($175,000/111,300 euro), down by 62% from 18.08 million denars a year earlier. link

Macedonia Government List – Updated July 28, 2008 Jul 28, 2008, 16:01 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Updates with Macedonia’s new government which took office late on Saturday. link

Macedonia, Norway Sign Visa Facilitation Pact Jul 28, 2008, 15:55 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Macedonia said on Monday it has signed a visa facilitation agreement with Norway, to make it easier for its citizens to travel to the Scandinavian country. link

State Statistical Office of Macedonia - Gross Wage - May 2008 Jul 28, 2008, 13:27 CET | State Agencies Reports | SeeNews Average monthly gross-wage paid per employee in May 2008 increased for 7.9% in relation with May 2007 link

State Statistical Office of Macedonia - Net Wages - May 2008 Jul 28, 2008, 13:25 CET | State Agencies Reports | SeeNews Average monthly net-wage paid per employee in May 2008 increased for 9.8% in relation with May 2007 link

State Statistical Office of Macedonia - Production Volume Indices by Activities - Preliminary Data - June 2008 Jul 28, 2008, 13:22 CET | State Agencies Reports | SeeNews Increase of industrial production in June 2008 in comparison with same month of previous year for 12.3% link

Macedonian Fuel Retailer Makpetrol H1 Prelim Net Profit Up 113% to 97.5 Mln Denars (1.58 Mln Euro)- Table Jul 28, 2008, 11:42 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Macedonia’s largest fuel retailer Makpetrol on Monday reported a rise in its first-half preliminary net profit by113% to 97.517 million denars ($2.49million/1.58 million euro). link

MACEDONIAN BLUE-CHIP FUEL RETAILER MAKPETROL SAYS H1 PRELIM NET PROFIT RISES 112.8% Y/Y TO 97.5 MLN DENARS (1.58 MLN EUR) Jul 28, 2008, 11:22 CET | Alert | SeeNews link

Macedonia June Industrial Output Rises 1.7% M/M, Up 12.3% Y/Y - Table Jul 28, 2008, 10:37 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Macedonia’s June industrial output increased by 1.7% month-on-month, after rising by a monthly 6.3% in May, the country’s Statistics Office said on Monday. link

MACEDONIA JUNE INDUSTRIAL OUTPUT +1.7% M/M, +12.3% Y/Y VS +6.3% M/M, +17.6% Y/Y IN MAY - STATS OFFICE Jul 28, 2008, 10:15 CET | Alert | SeeNews link

Macedonian Stock Exchange - Daily Report - July 25, 2008 Jul 28, 2008, 09:49 CET | Specialists Reports | SeeNews The Macedonian Stock exchange has published its report on turnover and prices for July 25, 2008. link

Macedonia Schedule of Events - July 28 - Nov 14 Jul 28, 2008, 09:35 CET | Story | SeeNews SKOPJE (Macedonia), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Macedonia through November 14. New or amended entries are marked (*) link

* Moldova *

Moldova’s Victoriabank H1 Net Profit Rises 27% Y/Y - Table Jul 28, 2008, 12:57 CET | Story | SeeNews CHISINAU (Moldova), July 28 (SeeNews) - Moldova’s second-biggest bank by assets, Victoriabank, said on Monday its first-half net profit rose by 27% on the year to 106.7 million lei ($11 million/7.0 million euro). link

Moldovan Unit of Romania’s BCR Bank Rises H1 Net Profit by 7.4% Y/Y - Table Jul 28, 2008, 11:59 CET | Story | SeeNews CHISINAU (Moldova), July 28 (SeeNews) - Moldova’s BCR Chisinau, a subsidiary of Romania’s largest bank by assets Banca Comerciala Romana (BCR), raised its first-half net profit by 7.4% on the year to 34.8 million lei ($3.6 million/2.3 million euro), the unit said on Monday. link

Moldova Earns 37.4 Mln Lei (2.4 Mln Euro) from Sale of Stakes in Six Companies Jul 28, 2008, 10:51 CET | Story | SeeNews CHISINAU (Moldova), July 28 (SeeNews) - Moldova has received a total of 37.4 million lei ($3.8 million/2.4 million euro) from the sale of its stakes in six companies on the Moldovan Stock Exchange (BVM), the bourse said on Monday. link

Moldova Schedule of Events - July 28 - Oct 8 Jul 28, 2008, 10:32 CET | Story | SeeNews CHISINAU (Moldova), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Moldova through October 8. New or amended entries are marked (*) link

Moldova Stock Exchange - Daily Report - July 25, 2008 Jul 28, 2008, 09:33 CET | Specialists Reports | SeeNews The Moldova Stock exchange has published its daily report on trading volumes and prices for July 25, 2008. link

* Montenegro *

Montenegro’s ProVladex To Take Over Another Bosnian Investment Fund - Media Jul 28, 2008, 11:34 CET | Story | SeeNews BANJA LUKA (Bosnia and Herzegovina), July 28 (SeeNews) – Montenegrin company ProVladex will take over Bosnian investment fund VB Fond next month after having acquired another fund, Aktiva Invest, in April, Bosnian daily newspaper Nezavisne Novine reported on Monday. link

Montenegro Schedule of Events - July 28 - Oct 23 Jul 28, 2008, 10:11 CET | Story | SeeNews PODGORICA (Montenegro), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Montenegro through October 23. New or amended entries are marked (*). link

New Securities Exchange of Montenegro - Daily Report - July 25, 2008 Jul 28, 2008, 09:44 CET | Specialists Reports | SeeNews The New Securities exchange of Montenegro (NEX) has published its daily report on trading volumes and prices for July 25, 2008. link

* Romania *

Romanian Building Materials Manufacturer Simcor Group Sees 2011 EBITDA Tripling from 2007 Jul 28, 2008, 17:46 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Romanian construction materials manufacturer Simcor group on Monday said it sees its earnings before interest, taxes, depreciation and amortisation (EBITDA) rising over three times to 37 million lei ($16.3 million/10.4 million euro) in 2011 from 12 million last year. link

Romanian Stocks Fall, Tracking Depressed Global Markets Jul 28, 2008, 17:42 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - The Romanian bourse closed down on Monday in apathetic trading which mirrored the mood on international markets, as turnover rose, brokers said. link

Romanian Building Materials Manufacturer Macon Deva Sees 2010 EBITDA Up 42% from 2007 Jul 28, 2008, 17:29 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Romanian construction materials manufacturer Macon Deva said on Monday it sees its earnings before interest, taxes, depreciation and amortisation (EBITDA) reaching 54 million lei ($23.8 million/15.2 million euro) in 2010 compared to 38 million last year. link

Romania’s FDI in 2008 Seen at 10 Bln Euro - Fin Min Jul 28, 2008, 17:17 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Foreign direct investments (FDI) in Romania could reach 10 billion euro ($15.7 billion) at the end of 2008, Finance and Economy Minister Varujan Vosganian said Monday. link

Romanian Leu Ends Stronger vs Euro Amid High O/N Rates, Low Liquidity Jul 28, 2008, 16:47 CET | Story | SeeNews  BUCHAREST (Romania), July 28 (SeeNews) - The Romanian leu ended on Monday at around 3.5395/5435 per euro, stronger than 3.5620/5660 on Friday, as overnight rates remained high, and liquidity was low after companies paid taxes last week, dealers said. link

CEZ Romania 2007 Net Profit Up 40.8%, Beats Expectations Jul 28, 2008, 16:04 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - CEZ Romania, a unit of Czech power utility CEZ, on Monday said its net profit rose 40.8% last year to 134.3 million lei ($59.2 million/37.7 million euro), above company’s expectations. link

Floods Kill Four in Romania, One Missing Jul 28, 2008, 15:26 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Four people were killed by floods caused by torrential rains that hit Romania in the past several days, and one person is missing, Romania’s Interior Ministry said on Monday. link

Erste Securities - Ericsson Nikola Tesla Flash Note (Hold) - Sales up 13.4% y/y, Bottom Line Improved H1 2008 - July 28, 2008 Jul 28, 2008, 15:01 CET | Broker’s Report | SeeNews Flash Note - Communications Technology - Croatia - July 28, 2008 link

Romanian Government Securities Worth 8.0 Bln Lei To Start Trading on Bucharest Bourse on Aug 4 Jul 28, 2008, 13:39 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Romanian government securities will start trading on the Bucharest Stock Exchange, BVB, on August 4, the CEO and board president of the BVB said on Monday. link

Romanian Petrochemicals Group Oltchim Postpones Again 954.75 Mln Lei (268 Mln Euro) Capital Hike Jul 28, 2008, 11:54 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Majority state-owned Romanian petrochemicals producer Oltchim said on Sunday it once again decided to postpone capital hike plans, until the European Union’s competition watchdog issues an opinion on whether or not a state aid was involved in the raise. link

Romanian Brokerage Prime Transaction Sets Up Arm To Manage Two Open-End Funds Jul 28, 2008, 11:14 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Romanian brokerage SSIF Prime Transaction said it set up a subsidiary, Prime Asset Management, to manage two open-end investment funds. link

Romanian Government Hikes Bottom Wage by 8.0% as of Oct 1 Jul 28, 2008, 10:07 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - The Romanian government has decided to raise the minimum gross monthly wage by 8.0% to 540 lei ($238/152 euro), effective in October, and to 600 lei as of January 1, its press office said. link

Ieba Trust - Romanian Market Daily - July 25, 2008 Jul 28, 2008, 10:05 CET | Broker’s Report | SeeNews On Friday, BET-FI lost 2.93% link

Raiffeisen Capital & Investment - Investment Daily Romania - July 28, 2008 Jul 28, 2008, 10:01 CET | Broker’s Report | SeeNews In the news link

Romania Schedule of Events - July 28 - Sept 26 Jul 28, 2008, 09:15 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Romania through September 26. New or amended entries are marked (*). link

Bucharest Stock Exchange - Daily Report - Regulated Market - July 25, 2008 Jul 28, 2008, 09:11 CET | Specialists Reports | SeeNews The Bucharest Stock exchange has published its report on trading volumes and prices on the regulated market for July 25, 2008. link

Romania Business Sentiment Remains Positive in July Jul 28, 2008, 09:05 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Romanian managers remain positive about the performance of the country’s economy in the three months through September, the country’s statistics board, INS, said on Monday. link

Bucharest Stock Exchange - Daily Report - RASDAQ Market - July 25 2008 Jul 28, 2008, 09:00 CET | Specialists Reports | SeeNews Bucharest Stock exchange has published its RASDAQ daily market report for July 25 2008. link

Singapore-based Keppel To Build S$181 Mln (84.5 Mln Euro) Ship for Romanian Drilling Co GSP Jul 28, 2008, 08:55 CET | Story | SeeNews BUCHAREST (Romania), July 28 (SeeNews) - Singapore-based oil rig and ship builder Keppel Corp on Sunday said it won a contract worth 181 million Singapore dollars ($133 million/84.5 million euro) to build a multi-purpose heavy lift/pipelay vessel for Romanian drilling contractor, Grup Servicii Petroliere S.A. (GSP). link

* Serbia *

Serbian Shares Edge Down in Summer Lull Jul 28, 2008, 17:04 CET | Story | SeeNews BELGRADE (Serbia), July 28 (SeeNews) - The indices on the Belgrade Stock Exchange (BELEX) slightly fell on Monday in lethargic summer trading, brokers said. link

INTERVIEW - Serbian VictoriaOil Eyes 29% Rise in 2008 Sales Jul 28, 2008, 15:40 CET | Interview | SeeNews BELGRADE (Serbia), July 28 (SeeNews) - Serbian edible oil and biodiesel producer VictoriaOil expects its sales to rise to 90 million euro ($141 million) this year from some 70 million euro in 2007 on the back of existing contracts, General Manager Nikola Vujacic said. link

Serbia Mulls Issuing Dinar-denominated Long-term Govt Bonds - Media Jul 28, 2008, 14:19 CET | Story | SeeNews BELGRADE (Serbia), July 28 (SeeNews) – Serbia may soon issue long-term government bonds denominated in the national currency, the dinar, to secure budget revenue and finance infrastructure projects, Serbian independent radio and TV station B92 reported on Monday. link

National Bank of Serbia - Average Monthly Earnings - June 2008 Jul 28, 2008, 13:33 CET | State Agencies Reports | SeeNews The National Bank of Serbia (NBS) has published its monthly report on average monthly earnings for June 2008. link

Sinteza Investment Group - Daily Market Wrap Up - July 25, 2008 Jul 28, 2008, 11:09 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its daily trading report for July 25, 2008. The report contains an overview of the Serbian Financial market. link

Sinteza Investment Group - Daily Market Wrap Up - July 24, 2008 Jul 28, 2008, 11:08 CET | Broker’s Report | SeeNews Sinteza Investment Group has released its daily trading report for July 24, 2008. The report contains an overview of the Serbian Financial market. link

Vojvodjanska Banka - Daily Vobnews - July 28, 2008 Jul 28, 2008, 10:48 CET | Broker’s Report | SeeNews Vojvodjanska banka released its Daily Vobnews report for July 28, 2008 containing the following charts and tables: link

Serbia Schedule of Events - July 28 - Dec 30 Jul 28, 2008, 10:34 CET | Story | SeeNews BELGRADE (Serbia), July 28 (SeeNews) - Following is a schedule of corporate, economic and political events taking place in or related to Serbia through December 30. New or amended entries are marked (*). link

Belgrade Stock Exchange - Daily Report - July 25, 2008 Jul 28, 2008, 08:51 CET | Specialists Reports | SeeNews The Belgrade Stock exchange has published its daily report on trading volumes and prices for July 25, 2008 link

* Slovenia *

Slovenian Stock Indices Regain Ground in Holiday Mood Jul 28, 2008, 18:05 CET | Story | SeeNews LJUBLJANA (Slovenia), July 28 (SeeNews) - Slovenian stock indices regained ground in holiday mood on Monday, and brokers said they expect no significant changes on the market this week. link

Croatian Geofoto Buys Slovenian GZS, Eyes Expansion in Bulgaria, Serbia Jul 28, 2008, 17:12 CET | Story | SeeNews ZAGREB (Croatia), July 28 (SeeNews) - Croatian digitial cartographer Geofoto said on Monday it has bought a 95% stake in Slovenia’s Geodetski Zavod Slovenije (GZS), which specialises in geodetic measurements for industry and civil engineering projects, and plans to expand into Bulgaria and Serbia. link

Slovenian Statistical Office - Upper Secondary School Boarding Homes, Student Residence Halls and Other Institutions Offering Accommodation to Students - School Year 2007/08 Jul 28, 2008, 14:57 CET | State Agencies Reports | SeeNews In the school year 2007/08 boarding homes offered accommodation to 5.5% of students attending upper secondary schools and 16.8% of students attending higher education institutions. link

Slovenian Statistical Office - Rapid Reports - Labour Force Slovenia - Q1 2008 Jul 28, 2008, 14:50 CET | State Agencies Reports | SeeNews LABOUR FORCE SURVEY RESULTS, SLOVENIA, 1ST QUARTER 2008 link

Slovenian Statistical Office - Cross-border Traffic - May 2008 Jul 28, 2008, 14:49 CET | State Agencies Reports | SeeNews Compared to April 2008, in May 2008 6.3% more passengers entered Slovenia via road and railway border crossings with Croatia and via border crossings in maritime and air transport. Compared to May 2007, passenger transport in May 2008 decreased by 2.2%. link

Slovenian Furniture Retailer Lesnina Proposes To Pay Higher 2007 Gross Dividend of 21 Euro/Share Jul 28, 2008, 14:21 CET | Story | SeeNews LJUBLJANA (Slovenia), July 28 (SeeNews) - Slovenian furniture retailer Lesnina will propose to pay a gross dividend of 21 euro ($33) per share for 2007, up from 19 euro it paid a year earlier, the company said on Monday. link

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